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March 2018

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Bangladesh wants to set up a textile park in Kadi near Ahmedabad with an initial investment of Rs 240-300 crore, according to a newspaper report. The park will have spinning units with cumulative capacity of 1 lakh spindles. Bangladesh has sought around 100 acres of land from the state government for the project.

The request follows the visit of a high level trade delegation to Gujarat. last month.

While Bangladesh is a top garment manufacturing and exporting country, it depends largely on Gujarat for cotton and yarn. (SH)